Diane M. Sullivan Sells 6,856 Shares of Caleres, Inc. (NYSE:CAL) Stock

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 6,856 shares of Caleres stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $37.09, for a total transaction of $254,289.04. Following the sale, the insider now directly owns 254,668 shares in the company, valued at $9,445,636.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Caleres Price Performance

CAL opened at $36.94 on Friday. Caleres, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $41.94. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 7.68 and a beta of 1.99. The company’s 50 day moving average price is $37.71 and its two-hundred day moving average price is $32.48.

Caleres (NYSE:CAL) last posted its earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The firm had revenue of $697.10 million for the quarter, compared to analyst estimates of $694.32 million. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts predict that Caleres, Inc. will post 4.37 EPS for the current year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, March 27th. Caleres’s dividend payout ratio is currently 5.82%.

Institutional Investors Weigh In On Caleres

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Caleres in the 3rd quarter valued at $131,000. Assetmark Inc. boosted its stake in shares of Caleres by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock valued at $160,000 after purchasing an additional 423 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Caleres in the 3rd quarter valued at $168,000. Chevy Chase Trust Holdings LLC bought a new stake in shares of Caleres in the 3rd quarter valued at $211,000. Finally, Riverwater Partners LLC bought a new stake in shares of Caleres in the 4th quarter valued at $211,000. 98.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Caleres in a report on Wednesday, February 7th. They set a “sector weight” rating on the stock. Piper Sandler lifted their price target on shares of Caleres from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Finally, Loop Capital lifted their price target on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Caleres currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.